Buffett takes home $519,490 in 2009; salary same for 25 years
Buffett, was awarded a compensation of $175,000 last year, including a salary of $100,000, according to Berkshire's filing with the SEC. Secrets of Buffett's success
By PTI |
NEW YORK: Warren Buffett, chairman and chief executive officer of Berkshire Hathway, has received a total compensation of $519,490 (Rs 2.36 crore) for 2009, including a salary of $100,000 that has remained unchanged for more than 25 years.
Buffett, was awarded a compensation of $175,000 last year, including a salary of $100,000, according to Berkshire's filing with the US Securities and Exchange Commission.
Besides, the investment company has provided $344,490 for personal and home security services for the world's third wealthiest person, who did not receive any bonus in 2009.
Buffett continues to hold a bulk stake in Berkshire. He owns 350,000 class-A shares and 75,013,134 class-B shares, representing 24.3 per cent stake in Berkshire.
Among other employees, the company's Vice Chairman Charles T Munger was awarded a compensation of $100,000 last year while Senior Vice President and Chief Financial Officer Marc D Hamburg was the best paid employee, receiving a total compensation of $874,750 in 2009.
Berkshire has a compensation committee since 2004 to determine salaries of employees but Buffett and Munger had expressed their desire that their compensation remained unchanged, the filing said.
Buffett, was awarded a compensation of $175,000 last year, including a salary of $100,000, according to Berkshire's filing with the US Securities and Exchange Commission.
Besides, the investment company has provided $344,490 for personal and home security services for the world's third wealthiest person, who did not receive any bonus in 2009.
Buffett continues to hold a bulk stake in Berkshire. He owns 350,000 class-A shares and 75,013,134 class-B shares, representing 24.3 per cent stake in Berkshire.
Among other employees, the company's Vice Chairman Charles T Munger was awarded a compensation of $100,000 last year while Senior Vice President and Chief Financial Officer Marc D Hamburg was the best paid employee, receiving a total compensation of $874,750 in 2009.
ADVERTISEMENT
Berkshire has a compensation committee since 2004 to determine salaries of employees but Buffett and Munger had expressed their desire that their compensation remained unchanged, the filing said.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
